Resolution - Not to fill the vacancy of Director

In certain cases a Company may decide to reduce the number fo directors, in such cases the company will decide not to fill the vacancy created by the retiring director. listed below is the specimen resolution to be passed in the Annaul General Meeting.

"Resolved that Mr. _______, a director liable to retire by rotation, who does not seek re-election, be not re-appointed a Directorof the Company.

Resolved Further that the vacancy, so created on the Board of Directors of the Company, be not filled."